Hennion & Walsh Asset Management Inc. Buys 5,915 Shares of RTX Corporation $RTX

Hennion & Walsh Asset Management Inc. grew its stake in RTX Corporation (NYSE:RTXFree Report) by 34.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,055 shares of the company’s stock after purchasing an additional 5,915 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in RTX were worth $3,858,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of RTX by 1.9% during the second quarter. Vanguard Group Inc. now owns 122,074,734 shares of the company’s stock worth $17,825,353,000 after buying an additional 2,238,247 shares in the last quarter. State Street Corp grew its position in RTX by 0.5% during the 2nd quarter. State Street Corp now owns 112,706,833 shares of the company’s stock worth $16,457,452,000 after acquiring an additional 552,009 shares during the last quarter. Fisher Asset Management LLC grew its position in RTX by 4.2% during the 2nd quarter. Fisher Asset Management LLC now owns 20,599,190 shares of the company’s stock worth $3,007,894,000 after acquiring an additional 837,268 shares during the last quarter. Norges Bank acquired a new position in RTX in the 2nd quarter worth about $2,359,602,000. Finally, Massachusetts Financial Services Co. MA raised its position in RTX by 9.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 15,958,191 shares of the company’s stock valued at $2,330,215,000 after purchasing an additional 1,361,071 shares during the last quarter. 86.50% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group boosted their price target on RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, October 22nd. Sanford C. Bernstein reissued a “market perform” rating and set a $189.00 target price on shares of RTX in a report on Tuesday. BNP Paribas upgraded shares of RTX to a “strong-buy” rating in a research report on Tuesday, November 18th. Wall Street Zen downgraded shares of RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $190.00 price objective on shares of RTX in a research note on Tuesday, November 25th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, RTX currently has an average rating of “Moderate Buy” and a consensus target price of $184.47.

Get Our Latest Research Report on RTX

Insider Activity at RTX

In related news, EVP Neil G. Mitchill, Jr. sold 4,849 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $180.15, for a total transaction of $873,547.35. Following the completion of the sale, the executive vice president owned 59,556 shares of the company’s stock, valued at $10,729,013.40. This trade represents a 7.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.15% of the stock is currently owned by insiders.

RTX Stock Up 1.1%

Shares of NYSE RTX opened at $190.33 on Wednesday. The company’s 50 day moving average price is $177.62 and its 200-day moving average price is $164.29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.81 and a current ratio of 1.07. RTX Corporation has a 52-week low of $112.27 and a 52-week high of $190.71. The company has a market capitalization of $255.19 billion, a P/E ratio of 39.08, a price-to-earnings-growth ratio of 2.74 and a beta of 0.44.

RTX (NYSE:RTXGet Free Report) last announced its earnings results on Tuesday, October 21st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.29. The business had revenue of $22.48 billion during the quarter, compared to the consensus estimate of $21.26 billion. RTX had a net margin of 7.67% and a return on equity of 13.28%. RTX’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 earnings per share. RTX has set its FY 2025 guidance at 6.100-6.200 EPS. Equities analysts forecast that RTX Corporation will post 6.11 earnings per share for the current year.

RTX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 11th. Stockholders of record on Friday, November 21st were paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 21st. RTX’s payout ratio is currently 55.85%.

RTX News Summary

Here are the key news stories impacting RTX this week:

About RTX

(Free Report)

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.

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Institutional Ownership by Quarter for RTX (NYSE:RTX)

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